Monday, October 5, 2009

Debtor's Revolt...We Love It

So it started with a woman posting a You Tube video. She was angry at Bank of America for continuing to victimize her. The bank raised her credit card interest from 17% to 30%. Like most people who don't understand that BANKS ARE DESPERATE & WILL DO ANYTHING TO GET MONEY, she believed she could speak to the bank and ask them to reduce her interest rate. By the way, did I mention she never missed a payment. She also had a checking and savings account with Bank of America. In her you tube video post she said she will not make a single payment until Bank of America agreed to lower her interest rate. She also said she is closing her checking and savings account immediately (Thereby following our rule: Never Keep All of Your Money In the Same Bank). It's these following words from her video that should have us all crying for joy...

"There comes a time when a person must be willing to sacrifice in order to take a stand for what's right...Now, this is one of those times, and if I'm successful this will be the proverbial first shot fired in an American debtors' revolution against the usury and plunder perpetrated by the banking elite, the Federal Reserve and the federal government...You are evil, thieving bastards...Stick that in your bailout pipe and smoke it."

And so it begins. The idea of a video Debtor's Revolt is catching wildfire. And by golly, it sure worked. Not long after Bank of America contacted our heroine and offered her a deal. That's good, however it's to late. The cat is out of the bag. Why...

Because the front line (customer reps) of banks have to deal with faceless customers demanding a reasonable settlement to their debt issues. The managers, officers, and executives could sip their lattés without having to speak to, hear from, or face unhappy customers who were ignored and disrespected. Customer complaints can be posted on You Tube for the world to see. No more will full ignorance by the top brass at banking institutions. No blind eye.

Let's face it, the Debtor's Revolt theme is slowly becoming the rage because 1.) It can work because a bank is not looking for negative publicity, especially thru viral videos 2.) It's a great way to vent, to be seen. To be heard. 3.) IT CAN WORK...

It is an excellent technique for those of you who do not mind putting your business out there. And may I say again...It Can Work. Trust me. I will be sure to tell clients about this method, so they can get a deal if a bank is unwilling to be reasonable.

There is nothing wrong with Public Shame. I believe that it's been a method used by every society on this planet to get a "just" result. Of course, justice is in the eye of the beholder.

So let's thank Ann Minch of Red Bluff, California for taking a stand. We love it. So let's introduce her video for all to view - DEBTOR'S REVOLT